Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) to Issue Dividend Increase – $0.13 Per Share

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Friday, January 10th. This represents a $0.52 annualized dividend and a yield of 11.48%. The ex-dividend date is Thursday, November 21st. This is a positive change from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.12.

Abrdn Australia Equity Fund has raised its dividend payment by an average of 55.6% per year over the last three years.

Abrdn Australia Equity Fund Stock Performance

NYSEAMERICAN IAF traded up $0.03 during trading hours on Thursday, hitting $4.53. The company had a trading volume of 14,324 shares, compared to its average volume of 64,305. Abrdn Australia Equity Fund has a 1-year low of $3.87 and a 1-year high of $4.75.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.